A piece from Reuters:

  • The European Commission will warn Italy on Wednesday it could face EU disciplinary action for not reducing its huge public debt as required by EU laws, unless Rome delivers on deficit cutting measures as promised, an EU official said
  • "Unless Italy specifies its commitments properly, next week will show that they are not compliant with the debt rule," said the EU official, who has insight into the process but spoke on condition of anonymity
  • "They committed to measures in their letter to do 0.2 percent of measures to reduce the structural deficit. We need to see that happening," the official said

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